Publications & Documents

Statistics Working Paper N. 61, 2015/3 - This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. The four countries covered are France, Germany, Italy and the United States.

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Levels of alcohol consumption in the United States are close to the OECD average and have remained relatively stable in the last 20 years, but with a progressive shift from beer to spirit consumption. In 2011, an average of 8.6 litres of pure alcohol per capita was consumed in the United States, compared with an estimate of 9.5 litres in the OECD.

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Wage stagnation and rising inequality are putting pressure on many American households. Facilitating movement up the career ladder and shoring up wages at the bottom of the pay ladder
are policy priorities.

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Seven years after the global financial crisis, lending to US small businesses is still below the precrisis levels and credit conditions remain tight for many of these firms. A more diversified set of options for SME financing should continue to be pursued to support long-term investment and reverse the trend decline in the number of start-ups.

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Mr. Gurría attended the Spring meetings of the World Bank Group, IMF and G20 Finance Ministers, and held meetings with high-level officials from the US and other countries. He delivered remarks at various events and also presented the report Pensions at a Glance: Latin America and Caribbean as well as the 2015 OECD SME Scoreboard.

In his speech delivered at the Brookings Institute, OECD Secretary-General Gurría explains that OECD’s numbers tell a clear-cut story of how our traditional economic growth agenda has neglected inclusiveness. Yet to begin to tackle this problem, we have to understand that inequality is not just about money. It touches every area of people’s lives.